Promoting Renewable Energy through Auctions
This knowledge note singles out auctions as an important mechanism that has been implemented in a growing number of countries in recent decades. It features case studies of auctions designed to promote the generation of electricity from renewable s...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/06/19670591/promoting-renewable-energy-through-auctions http://hdl.handle.net/10986/18674 |
| id |
okr-10986-18674 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-186742021-06-14T10:23:33Z Promoting Renewable Energy through Auctions Elizondo Azuela, Gabriela Barroso, Luiz ACCESS TO ELECTRICITY ALLOCATION ALTERNATIVE ENERGY APPROACH AUCTION AUCTIONS AVAILABILITY BANK LENDING BARRIER BLACK CARBON BONDS BOTTOM LINE BURNING COAL BUSINESS DEVELOPMENT CARBON CARBON DIOXIDE CLIMATE CLIMATE CHANGE CO CO2 COAL COMBUSTION COMPETITIVE MARKET COST OF ENERGY CUSTOMER SERVICE DEVELOPING COUNTRIES DIESEL DIESEL GENERATORS DISCOUNT RATE DISTRIBUTION OF ENERGY ELECTRIC UTILITY ELECTRICITY SECTOR ELECTRIFICATION EMERGING ECONOMIES ENERGY CONSULTANT ENERGY CONSUMERS ENERGY CONSUMPTION ENERGY COSTS ENERGY DATA ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY INDUSTRIES ENERGY MARKET ENERGY MIX ENERGY PLANNING ENERGY POLICIES ENERGY PRICES ENERGY SECURITY ENERGY SYSTEMS EXCHANGE RATE FINANCIAL BENEFITS FOSSIL FOSSIL FUEL FOSSIL FUEL IMPORTS FOSSIL FUELS FUTURE CASH FLOWS GENERATION GENERATION CAPACITY GENERATION OF ELECTRICITY GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS INVENTORY GREENHOUSE GASES HEAT HEAT GENERATION INCOME INFORMATION ASYMMETRY INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LOW-INCOME COUNTRIES LOWER PRICE MARKET ENTRY MARKET PRICE METHANE MIDDLE-INCOME COUNTRIES OFFSHORE WIND OIL OUTPUT PARTICULAR COUNTRY PENALTIES PETROLEUM PIPELINE POLICY MAKERS POLLUTION PORTFOLIO PORTFOLIOS POWER POWER DISTRIBUTION PRESENT VALUE PRICE CAP PRICE DISCOVERY PRICE OF ELECTRICITY PUBLIC UTILITY RATE OF RETURN REGULATOR REGULATORY POLICIES RENEWABLE ELECTRICITY RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY GENERATION RENEWABLE ENERGY POLICY RENEWABLE ENERGY PROGRAM RENEWABLE ENERGY SECTOR RENEWABLE GENERATION RENEWABLE PORTFOLIO STANDARD RENEWABLE PORTFOLIO STANDARDS RENEWABLE SOURCES SAVINGS SOLAR POWER SOURCE OF ENERGY STATE BANK SUPPLY OF ELECTRICITY SUPPLY SIDE SUSTAINABLE ENERGY TAX TRANSACTION COSTS TRANSMISSION GRID TRANSMISSION SYSTEM TRANSPARENCY UNCERTAINTIES UTILITIES WASTE WIND WIND CAPACITY WIND GENERATION WIND POWER WIND POWER CAPACITY WIND SITES WORLD ENERGY This knowledge note singles out auctions as an important mechanism that has been implemented in a growing number of countries in recent decades. It features case studies of auctions designed to promote the generation of electricity from renewable sources in Brazil, China, and India. Auctions in various forms are being used to promote the generation of electricity from renewable sources. Properly structured auctions can avoid the disadvantages of feed-in tariffs and renewable purchase obligations. Moreover, they offer the best of both of these early mechanisms, providing stable revenue guarantees for investors while also avoiding the risk of overbuilding. They do this by determining both price and quantity in advance. Promoting renewable energy through auctions is important, because experience with the use of auctions can guide future efforts. Among the examples of the benefits to be obtained from generating electricity from renewable sources are (i) increasing countries' energy security by reducing their dependency on fossil fuel imports, (ii) reducing greenhouse gas emissions as part of a worldwide effort to mitigate climate change, (iii) promoting electrification while reducing the need for isolated applications such as diesel generators, and (iv) minimizing local pollution. Auctions are an effective way to stimulate competition among investors, provide price disclosure while eliciting the right amount of investment, and offer revenue stability via long-term contracting. 2014-06-17T15:35:18Z 2014-06-17T15:35:18Z 2014-06-13 Brief http://documents.worldbank.org/curated/en/2014/06/19670591/promoting-renewable-energy-through-auctions http://hdl.handle.net/10986/18674 English en_US Live Wire, 2014/12 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO ELECTRICITY ALLOCATION ALTERNATIVE ENERGY APPROACH AUCTION AUCTIONS AVAILABILITY BANK LENDING BARRIER BLACK CARBON BONDS BOTTOM LINE BURNING COAL BUSINESS DEVELOPMENT CARBON CARBON DIOXIDE CLIMATE CLIMATE CHANGE CO CO2 COAL COMBUSTION COMPETITIVE MARKET COST OF ENERGY CUSTOMER SERVICE DEVELOPING COUNTRIES DIESEL DIESEL GENERATORS DISCOUNT RATE DISTRIBUTION OF ENERGY ELECTRIC UTILITY ELECTRICITY SECTOR ELECTRIFICATION EMERGING ECONOMIES ENERGY CONSULTANT ENERGY CONSUMERS ENERGY CONSUMPTION ENERGY COSTS ENERGY DATA ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY INDUSTRIES ENERGY MARKET ENERGY MIX ENERGY PLANNING ENERGY POLICIES ENERGY PRICES ENERGY SECURITY ENERGY SYSTEMS EXCHANGE RATE FINANCIAL BENEFITS FOSSIL FOSSIL FUEL FOSSIL FUEL IMPORTS FOSSIL FUELS FUTURE CASH FLOWS GENERATION GENERATION CAPACITY GENERATION OF ELECTRICITY GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS INVENTORY GREENHOUSE GASES HEAT HEAT GENERATION INCOME INFORMATION ASYMMETRY INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LOW-INCOME COUNTRIES LOWER PRICE MARKET ENTRY MARKET PRICE METHANE MIDDLE-INCOME COUNTRIES OFFSHORE WIND OIL OUTPUT PARTICULAR COUNTRY PENALTIES PETROLEUM PIPELINE POLICY MAKERS POLLUTION PORTFOLIO PORTFOLIOS POWER POWER DISTRIBUTION PRESENT VALUE PRICE CAP PRICE DISCOVERY PRICE OF ELECTRICITY PUBLIC UTILITY RATE OF RETURN REGULATOR REGULATORY POLICIES RENEWABLE ELECTRICITY RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY GENERATION RENEWABLE ENERGY POLICY RENEWABLE ENERGY PROGRAM RENEWABLE ENERGY SECTOR RENEWABLE GENERATION RENEWABLE PORTFOLIO STANDARD RENEWABLE PORTFOLIO STANDARDS RENEWABLE SOURCES SAVINGS SOLAR POWER SOURCE OF ENERGY STATE BANK SUPPLY OF ELECTRICITY SUPPLY SIDE SUSTAINABLE ENERGY TAX TRANSACTION COSTS TRANSMISSION GRID TRANSMISSION SYSTEM TRANSPARENCY UNCERTAINTIES UTILITIES WASTE WIND WIND CAPACITY WIND GENERATION WIND POWER WIND POWER CAPACITY WIND SITES WORLD ENERGY |
| spellingShingle |
ACCESS TO ELECTRICITY ALLOCATION ALTERNATIVE ENERGY APPROACH AUCTION AUCTIONS AVAILABILITY BANK LENDING BARRIER BLACK CARBON BONDS BOTTOM LINE BURNING COAL BUSINESS DEVELOPMENT CARBON CARBON DIOXIDE CLIMATE CLIMATE CHANGE CO CO2 COAL COMBUSTION COMPETITIVE MARKET COST OF ENERGY CUSTOMER SERVICE DEVELOPING COUNTRIES DIESEL DIESEL GENERATORS DISCOUNT RATE DISTRIBUTION OF ENERGY ELECTRIC UTILITY ELECTRICITY SECTOR ELECTRIFICATION EMERGING ECONOMIES ENERGY CONSULTANT ENERGY CONSUMERS ENERGY CONSUMPTION ENERGY COSTS ENERGY DATA ENERGY DEVELOPMENT ENERGY EFFICIENCY ENERGY INDUSTRIES ENERGY MARKET ENERGY MIX ENERGY PLANNING ENERGY POLICIES ENERGY PRICES ENERGY SECURITY ENERGY SYSTEMS EXCHANGE RATE FINANCIAL BENEFITS FOSSIL FOSSIL FUEL FOSSIL FUEL IMPORTS FOSSIL FUELS FUTURE CASH FLOWS GENERATION GENERATION CAPACITY GENERATION OF ELECTRICITY GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS INVENTORY GREENHOUSE GASES HEAT HEAT GENERATION INCOME INFORMATION ASYMMETRY INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LOW-INCOME COUNTRIES LOWER PRICE MARKET ENTRY MARKET PRICE METHANE MIDDLE-INCOME COUNTRIES OFFSHORE WIND OIL OUTPUT PARTICULAR COUNTRY PENALTIES PETROLEUM PIPELINE POLICY MAKERS POLLUTION PORTFOLIO PORTFOLIOS POWER POWER DISTRIBUTION PRESENT VALUE PRICE CAP PRICE DISCOVERY PRICE OF ELECTRICITY PUBLIC UTILITY RATE OF RETURN REGULATOR REGULATORY POLICIES RENEWABLE ELECTRICITY RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY GENERATION RENEWABLE ENERGY POLICY RENEWABLE ENERGY PROGRAM RENEWABLE ENERGY SECTOR RENEWABLE GENERATION RENEWABLE PORTFOLIO STANDARD RENEWABLE PORTFOLIO STANDARDS RENEWABLE SOURCES SAVINGS SOLAR POWER SOURCE OF ENERGY STATE BANK SUPPLY OF ELECTRICITY SUPPLY SIDE SUSTAINABLE ENERGY TAX TRANSACTION COSTS TRANSMISSION GRID TRANSMISSION SYSTEM TRANSPARENCY UNCERTAINTIES UTILITIES WASTE WIND WIND CAPACITY WIND GENERATION WIND POWER WIND POWER CAPACITY WIND SITES WORLD ENERGY Elizondo Azuela, Gabriela Barroso, Luiz Promoting Renewable Energy through Auctions |
| relation |
Live Wire, 2014/12 |
| description |
This knowledge note singles out
auctions as an important mechanism that has been implemented
in a growing number of countries in recent decades. It
features case studies of auctions designed to promote the
generation of electricity from renewable sources in Brazil,
China, and India. Auctions in various forms are being used
to promote the generation of electricity from renewable
sources. Properly structured auctions can avoid the
disadvantages of feed-in tariffs and renewable purchase
obligations. Moreover, they offer the best of both of these
early mechanisms, providing stable revenue guarantees for
investors while also avoiding the risk of overbuilding. They
do this by determining both price and quantity in advance.
Promoting renewable energy through auctions is important,
because experience with the use of auctions can guide future
efforts. Among the examples of the benefits to be obtained
from generating electricity from renewable sources are (i)
increasing countries' energy security by reducing their
dependency on fossil fuel imports, (ii) reducing greenhouse
gas emissions as part of a worldwide effort to mitigate
climate change, (iii) promoting electrification while
reducing the need for isolated applications such as diesel
generators, and (iv) minimizing local pollution. Auctions
are an effective way to stimulate competition among
investors, provide price disclosure while eliciting the
right amount of investment, and offer revenue stability via
long-term contracting. |
| format |
Brief |
| author |
Elizondo Azuela, Gabriela Barroso, Luiz |
| author_facet |
Elizondo Azuela, Gabriela Barroso, Luiz |
| author_sort |
Elizondo Azuela, Gabriela |
| title |
Promoting Renewable Energy through Auctions |
| title_short |
Promoting Renewable Energy through Auctions |
| title_full |
Promoting Renewable Energy through Auctions |
| title_fullStr |
Promoting Renewable Energy through Auctions |
| title_full_unstemmed |
Promoting Renewable Energy through Auctions |
| title_sort |
promoting renewable energy through auctions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/06/19670591/promoting-renewable-energy-through-auctions http://hdl.handle.net/10986/18674 |
| _version_ |
1764442471331266560 |